Bank of the Sierra?sClimber Monthly | January 2018
BANK OF THE SIERRA'S 40TH ANNIVERSARY PROJECT
SUCCESSFUL TOYS FOR TOTS DRIVE
FAMILY FEUD WINNERS!
BRANCH 28 GETS INTO THE CHRISTMAS SPIRIT
PLUS : FUNNEL ACCOUNT RED FLAGS, UBERPOOL, AND MORE!
Mer ry Chr istmas from Branch 28
Branch 28 really got into the holiday spir it this year. The Santa Clara Valley Boys and Gir ls Club even popped in to sing some Chr istmas carols!
Bank of the Sier ra's Fresno Shaw Location Received a Visit from the Amer ican Legion Dur ing Pear l Harbor Day.
Thank you to everyone on the Chr istmas Committee as well as everyone who worked together to make the annual Chr istmas Par ty a success!
Tehachapi -Old Town received t h is beaut i f u l hand-made Chr ist mas w reat h f rom t he Nor ber t ine Sist er s of Tehachapi . The w reat hs are made ever y year and sold f or f und raising pur poses.
On behalf of Cindy Dabney and the rest of Bank of the Sierra, thank you to everyone who donated to Toys for Tots. The bank managed to collect 399 toys for the program! Congratulations to Jannett Gamulo on winning the iPad Pro in the first drawing and Eva-Renee Howard on winning the Apple Nike Sport iWatch in the second drawing!
With your continued support, less fortunate children are able to open gifts on Christmas!
And t he Winner is...
Congratulations to Bakersfield-Ming on winning $1,500 in Bank of the Sierra's Family Feud.
Thanks to everyone who represented their teams in the live entertainment at the Christmas Party. We enjoyed watching each branch/ department cheer each other on!
uberPOOL ? The New Way to Carpool Together, We Save uberPOOLmatches you with riders heading in the same direction, so you can share the ride and cost. - Af fordable door-to-door rides - Carpool with others in comfortable sedans - Maximum 2 seats per request Request Open the Uber app and enter your destination in the Where to box. Tap the uberPOOL ride option at the bottom of your screen. Then, tap Conf irm uberPOOL. You can request a POOL for up to 2 people. You?ll see the time until your driver arrives, as well as the estimated window of time to arrive at your destination. Ride Look at the map in the Uber app as you walk to your pickup spot. Be at the curb before your driver arrives to make sure no one in your car is kept waiting. We?ll match your car with other riders heading your way. This is how we can of fer you a low price, so expect additional pickups and/ or drop of fs along your trip. Hop out Simply exit the car when you reach your destination. We?ll automatically charge the fare to the payment method you have on f ile. If your trip was 5 stars, consider tipping your driver in the app af ter your trip.
Funnel Account Red Fl ags
What is a ?f unnel account ?? A funnel account (somet imes referred to as an interstate funnel account ) is a method used to launder money that exploits branch networks of f inancial inst itut ions. It involves illegal funds deposited into an account at one geographic locat ion that gives criminals immediate access to the money via withdrawals in a dif ferent geographic locat ion. The t ransact ion amounts are kept under the AML report ing requirements in an at tempt to avoid detect ion. How Criminal Ent erprises Use Funnel Account s Funnel accounts are opened by criminal organizat ions in the geographic area where the funds will be withdrawn, of ten locat ions along the southwest border of the U.S. The criminal organizat ion provides the account number to co-conspirators around the U.S. who make cash deposits into the account f rom various geographic locat ions. The illicit funds are then immediately available for withdrawal by the criminal organizat ion in the state in which the account was opened. Types of Criminal Ent erprises Using Funnel Account s Alien smuggling organizat ions (ASOs), Drug t raf f icking organizat ions (DTOs), and human t raf f icking organizat ions are just some of the types of criminal enterprises that of ten use funnel accounts to launder illicit proceeds derived f rom their crimes. Red Fl ags Indicat ors f or Funnel Account s U.S. Immigrat ion and Customs Enforcement (ICE) recent ly featured the topic of funnel accounts in their publicat ion Cornerstone Report and provided the red f lags listed below as potent ial indicators of this type of money laundering scheme. 1. Account (s) with mult iple deposits which are short ly t ransferred to other accounts 2. Accounts with high aggregate dollar deposit act ivity but with low account balances 3. Accounts with deposits f rom mult iple, dif ferent individuals or companies 4. Accounts with mult iple deposits f rom mult iple locat ions outside the banking area 5. Accounts with mult iple deposits f rom mult iple sources (e.g., cash, ATM deposits, checks, wire t ransfers, etc.) 6. Accounts opened in the U.S., by individuals temporarily within the U.S. who are bearing immigrat ion ident ity documents (such as border crossing cards), then used to wire t ransfer funds back to Mexico 7. Deposits are immediately (or within 1 to 2 days) withdrawn or wired f rom the account 8. Accounts with an unusually high number of charge-backs 9. Financial act ivity not commensurate with stated business or occupat ion of the deposit ing individual 10. Anonymous cash deposits made in dest inat ion states [interior states] followed by rapid cash withdrawals made in source states [border states] 11. Abrupt change in account act ivity 12. Branch-shopping at various f inancial inst itut ions to disguise nexus of the deposited funds with movements across the U.S. internat ional borders.
Bank of t he Sier ra is Bu i lding a Playground!
To commemorat e t he bank 's 40t h Ann iver sar y, Kevin McPhai l l and t he Board of Di rect or s want ed t o give back t o t he Por t er vi l le commun i t y. Because Por t er vi l le is where i t al l st ar t ed, i t was on ly appropr iat e t o bu i ld t he playground at t he Por t er vi l le Spor t s Complex. The st r uct ure boast s a cust om f orest design, st ands t hree st or ies t al l and f eat ures 4 sl ides. Keep an eye on t he Int ranet f or det ai ls about our Grand Reveal Event t ent at ively schedu led f or m id- Januar y.
BANK OF THESIERRA'S CLASSIFIEDS
Do you have something for sale that you can't seem to get r id of? We've got you covered! Just follow these easy steps:
1. Send a picture of your item for sale to Marketing 2. Descr ibe the item in no more than 50 words 3. Please use News Gothic Std font in 8pt font size 4. Include the pr ice of your item 5. Include your contact information 6. Please limit your communication about any classified ads to lunch breaks or after work hours 7. Please email Marketing once your item has sold
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The Deposit Growth Contest continues. A prize will be given for most deposits in both the consumer and the business categories as a way of allowing each branch to be more aware of their capacity for growth, while encouraging a little good-natured competition at the same time. The results are in for the current month. Congratulations to the winners! Each of the winning branches will each be rewarded with a branch-wide lunch. When you have the lunch, SEND MARKETING YOUR PICTURES. One representative from each winning branch must contact Marketing to coordinate claiming the prize! Thanks for your efforts, everyone, and Keep Climbing!
Note: The amounts above do not include CDs
HOWIS YOURBRANCH PERFORMING? These new charts help branches compare monthly checking account openings. If your "factor" is larger than 1.00, your branch opened more accounts than the same month in 2016. Likewise, if your "factor" is smaller than 1.00, your branch opened fewer accounts.
You Ar e A Star !
Have you seen your cowor ker go above and beyond? Submit a card or email your submission to the Marketing and TrainingDepartments. You can then send the physical card to the recipient! Need a card?Contact the Training department.
This month?s quiz will be based on information found throughout the newsletter. Please submit answers for the following questions to the Marketing Department. There will be only one winner per branch or depar tment. The first correct respondent per branch/ department gets the prize! 1. Who sang Christmas carols at branch 28? 2. What did the Norbert ine Sisters bring to the Tehachapi-Old Town branch? 3. How many toys were collected for Toys for Tots? 4. Which branch won Family Feud at the Christmas party? 5. What is the new way to carpool? 6. Name one type of criminal enterprise using Funnel Accounts? 7. Where will Bank of the Sierra's playground be located? 8. What item is for sale in the Classif ieds?
Have Newslet ter Ideas?Tell Us!
If there are any ideas or topics you?d like us to cover in our future newslet ters, let us know! We?re also open to cont r ibut ions that may benefit your fellow employees. Share informat ion about banking, finance, new technology, policy and law changes, bank events, and helpful t ips& t r icks. Please send your newslet ter submissions to the Market ing Department for review. We thank you in advance for your cont r ibut ion!
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